Tether去年購買了超過330億美元的國庫券，使其成為第七大買家

Tether宣布去年購買了超過330億美元的國庫券，使市場感到驚訝。這使繫繩是美國債券的第七大買家

President Trump mentioned some plans for future stablecoin policies in the US at the Digital Assets Summit earlier today. A key factor in these plans could be that Tether is now the seventh-largest buyer of US Treasury bonds.

特朗普總統在今天早些時候的數字資產峰會上提到了一些在美國未來的穩定政策的計劃。這些計劃中的關鍵因素可能是，Tether現在是美國財政部債券中第七大買家。

“Tether was the 7th largest buyer of US Treasuries in 2024, compared to countries. Tether brings the US dollar to more than 400 million people predominantly in emerging markets and developing countries. Without a doubt, Tether built the biggest distribution network for the US Dollar,” Tether CEO Paolo Ardoino said in a pair of social media posts.

“與國家相比，繫繩是2024年美國國債的第七大買家。繩索將美元帶入了新興市場和發展中國家的4億多人。毫無疑問，Tether毫無疑問，Tether為美元建立了最大的分銷網絡。

This could potentially boost USDT compliance efforts with the forthcoming stablecoin regulation. The proposed GENIUS Act, which is pending congressional approval, requires stablecoin issuers to hold reserve assets in the US, denominated in the US treasury.

這有可能提高USDT的合規性，並通過即將到來的Stablecoin法規。擬議的《天才法》（Genius Act）待會批准國會，要求穩定的發行人在美國持有的儲備金在美國持有儲備金。

So, this purchase could allow Tether to comply with the upcoming US regulation, unlike the EU’s MiCA.

因此，與歐盟的雲母不同，這次購買可以使Tether可以遵守即將到來的美國法規。

“Insane. Tether has become an essential partner to the Unites States in less than a decade,” wrote Anthony Pompliano.

安東尼·彼得羅諾（Anthony Pompliano）寫道：“瘋狂。系泰特（Tether）在不到十年的時間內已成為團結國家的重要合作夥伴。”

In his speech today, President Trump didn’t make many firm commitments about future stablecoin policy. He did, however, claim that dollar-backed stablecoins will “expand the dominance of the U.S. dollar” for years to come.

特朗普總統在今天的講話中並沒有對未來的Stablecoin政策做出許多堅定的承諾。但是，他確實聲稱，以美元支持的Stablecoins將在未來幾年內“擴大美元的統治地位”。

If the U.S. government is substantially investing in the stablecoin market, Tether could be a good conduit for Trump’s partnership.

如果美國政府基本上在Stablecoin市場上投資，那麼Tether可能是特朗普合作夥伴關係的良好渠道。

Could Tether and Trump Drive USD Dominance?

繫繩和特朗普可以推動美元的統治地位嗎？

All the proposed stablecoin regulations in the U.S. include a clear demand: issuers must be subject to third-party audits. Tether has never allowed one. This speed bump has already moved Coinbase to state that it would remove Tether’s products if asked.

美國所有擬議的Stablecoin法規都包括明確的要求：發行人必須接受第三方審計。繫繩從來沒有允許。這種速度顛簸已經移動了Coinbase，指出如果詢問，它將刪除Tether的產品。

However, Tether may be able to solve many of these problems by purchasing Treasury bonds. Among other requirements, the GENIUS Act mandates that stablecoin issuers hold much of their reserves in U.S. Treasuries. It was previously theorized that Tether may need to sell its Bitcoin due to this regulation, but the fact that the company has been buying treasury bonds changes the speculations.

但是，繫繩可能能夠通過購買國庫券來解決許多此類問題。除其他要求外，《天才法》規定，斯塔布爾幣發行人在美國國庫中持有大部分儲備。以前是從理論上講，由於該法規，繫繩可能需要出售其比特幣，但是​​該公司一直在購買國庫券債券的事實改變了猜測。

“Should Congress pass the GENIUS Act, the regulatory clarity might also attract traditional banking firms into the stablecoin ecosystem, fueling healthy competition. The stablecoin market can potentially hit $3 trillion in the next 5 years, a sign that the asset class can dominate the global payment ecosystem in the coming years. The essence of these regulations will be to preserve the hegemony of the U.S. dollar, albeit in a tokenized form such as stablecoins. In the long run, the regulatory clarity will mutually benefit the crypto industry and the U.S. economy,” Agne Linge, Head of Growth at WeFi told BeInCrypto.

“如果國會通過《天才法案》，監管的清晰度也可能吸引傳統的銀行業進入stabablecoin生態系統，從而加劇了健康的競爭。穩定的市場可能會在未來5年內達到3萬億美元，這表明資產類別可以在未來幾年內佔據全球付款生態系統，以確保這些規章制度。從長遠來看，穩定的人會互惠加密行業和美國經濟。”

Tether has purchased a staggering amount of Treasury bonds in the last year, but this might not guarantee a partnership with Trump and the U.S. government.

Tether在去年購買了大量的國庫券，但這可能不能保證與特朗普和美國政府建立夥伴關係。

Several major banks are eyeing stablecoin launches, and several people in Trump’s orbit allegedly discussed partnering with Binance to launch one. So far, there’s no evidence Tether had a similar deal.

幾家主要銀行正在關注Stablecoin發射，據稱特朗普軌道上的幾個人討論了與Binance合作推出的人。到目前為止，尚無證據，系托特（Tether）也有類似的交易。

Still, Tether purchased over $33 billion in U.S. Treasury bonds in one year, and that’s bound to make an impact. If Trump’s administration decides to use Tether to promote dollar dominance, it could change everything.

儘管如此，繫繩還是在一年內購買了超過330億美元的美國國庫券，這肯定會產生影響。如果特朗普的政府決定利用繩索來促進美元統治地位，則可以改變一切。

It’s too soon to confidently state that such predictions will come true. Tether may still need a third-party audit despite buying these Treasury bonds. But if the stars align, its dominant position in the stablecoin market could be supercharged.

現在自信地指出，此類預測將實現，還為時過早。儘管購買了這些財政部債券，但係繩仍可能需要第三方審計。但是，如果恆星保持一致，那麼它在Stablecoin市場中的主導地位就可以得到增強。